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  • Articles  (3)
  • Regulatory Policies  (3)
  • Oxford University Press  (3)
  • Cambridge University Press
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  • Geography  (3)
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  • 1
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    Historic amenities, income and sorting of households (2016)
    Oxford University Press
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    Publication Date: 2016-02-04
    Description: We aim to estimate the impact of historic amenities on house prices and sorting of households. Historic district boundaries enable us to measure the external view effect of historic amenities, defined as the effect of a historic amenity on the price of other buildings through an improved view from the other buildings. We use a semiparametric regression-discontinuity approach to control for unobserved location characteristics and focus on houses constructed after 1970. It is shown that the (external) view effect of historic amenities is 3.5% of the house price. Rich households have a higher willingness to pay for a view on historic amenities and therefore sort themselves in historic districts, which contributes to an explanation for the substantial spatial income differences within cities.
    Keywords: R14 - Land Use Patterns, R21 - Housing Demand, R31 - Housing Supply and Markets, R38 - Government Policies ; Regulatory Policies
    Print ISSN: 1468-2702
    Electronic ISSN: 1468-2710
    Topics: Geography , Economics
    Published by Oxford University Press
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  • 2
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    The effect of agglomeration size on local taxes (2014)
    Oxford University Press
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    Publication Date: 2014-02-18
    Description: Standard tax competition models predict a ‘race-to-the-bottom’ of corporate tax rates when firms are mobile. Recent theoretical literature shows that central regions with large clusters of economic activity are able to set positive tax rates without fear of losing firms to peripheral regions as the firms would forego ‘rents’ from agglomeration economies. We study whether local policy makers effectively tax such agglomeration rents. We test this with data from Swiss municipalities. We find that municipalities in large urban areas indeed set higher tax rates than those in small ones. Within urban areas, however, municipal tax rates are unrelated to the size of economic activity in and around municipalities while they are positively related to the size of the political jurisdiction. We see this result as evidence that the standard tax competition model for asymmetric jurisdictions is at work in the competition of municipalities within an urban area.
    Keywords: H25 - Business Taxes and Subsidies, H32 - Firm, R12 - Size and Spatial Distributions of Regional Economic Activity, R38 - Government Policies ; Regulatory Policies
    Print ISSN: 1468-2702
    Electronic ISSN: 1468-2710
    Topics: Geography , Economics
    Published by Oxford University Press
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  • 3
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    The British and the German financial sectors in the wake of the crisis: size, structure and spatial concentration (2015)
    Oxford University Press
    Details
    Publication Date: 2015-08-22
    Description: We use employment data for 2008–2012 to analyse the impact of the subprime and Eurozone crises on the British and German financial sector. In the UK, the sector contracted and its spatial concentration increased across regions and urban hierarchy, with London as the sole winner. In Germany there has been no contraction overall, and no significant change in the spatial distribution of financial employment. We argue that while in both countries forced consolidation and financial re-regulation have acted as centripetal forces, in Germany they have been offset by strong regional and local banking, underpinned by a decentralized state.
    Keywords: G20 - General, P16 - Political Economy, R11 - Regional Economic Activity: Growth, Development, and Changes, R38 - Government Policies ; Regulatory Policies
    Print ISSN: 1468-2702
    Electronic ISSN: 1468-2710
    Topics: Geography , Economics
    Published by Oxford University Press
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